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House Passes Research and Development Tax Credit

Measure Would Make Tax Break Permanent

By

John D. McKinnon

May 9, 2014 10:32 a.m. ET

The House passed a bill Friday to make permanent an important tax break for business research, in a move that highlights the difficult choices Congress faces this year on a raft of temporary tax incentives.

The House voted 274 to 131 to approve the research credit, overcoming objections from Democrats that the measure would be too costly without offsetting spending cuts or tax increases. Almost one-third of Democrats wound up...